Transactional Risk / Financial Lines – London Market

Location: London (Lloyd's / London Market) – hybrid working available

Reports to: Head of Warranty & Indemnity / Chief Underwriting Officer

Level: Underwriter / Senior Underwriter (dependent on experience)

Team: Transactional Risk (M&A Insurance)

Salary: £100,000 to £150,000+

ROLE PURPOSE

We are seeking an experienced Warranty & Indemnity Underwriter to join a growing Transactional Risk team, underwriting buy-side and sell-side W&I insurance across a broad range of sectors and deal sizes. The successful candidate will take ownership of transactions from initial triage through to policy issuance, working closely with M&A brokers, legal counsel and corporate finance advisors across the London and international markets.

KEY RESPONSIBILITIES

•    Underwrite Warranty & Indemnity insurance (buy-side and sell-side) across a range of industry sectors, deal sizes and jurisdictions.

•    Review and assess legal, financial, tax and commercial due diligence reports to identify, evaluate and price risk.

•    Negotiate policy wordings, exclusions, retentions and pricing terms directly with brokers and legal advisors.

•    Manage a live portfolio of transactions concurrently, often to tight and competing deadlines.

•    Build and maintain strong relationships with M&A brokers, law firms and corporate finance houses to develop deal flow.

•    Liaise with in-house or panel legal counsel on complex coverage, drafting and claims-adjacent queries.

•    Monitor market conditions, competitor appetite and regulatory developments affecting the transactional risk market.

•    Contribute to the development of pricing models, underwriting guidelines and risk appetite frameworks.

•    Support new business development, including attendance at broker events, pitches and market presentations.

•    Mentor and support the development of junior underwriters and underwriting assistants (Senior Underwriter level).

KEY SKILLS & EXPERIENCE

•    Demonstrable underwriting experience in Warranty & Indemnity / Transactional Risk insurance, or equivalent M&A legal or corporate finance experience with a clear route into underwriting.

•    Strong working knowledge of M&A transaction structures, share purchase agreements and due diligence processes.

•    Excellent analytical and risk-assessment skills, with the ability to distil complex legal and financial information into clear underwriting judgements.

•    Confident negotiator with strong written and verbal communication skills.

•    Established relationships within the London Market broker and legal community are advantageous.

•    Comfortable managing multiple live transactions simultaneously in a fast-paced, deadline-driven environment.

•    Commercially minded, with sound judgement on risk selection and pricing.

QUALIFICATIONS

•    Law degree and/or qualified solicitor (England & Wales or equivalent jurisdiction) is common but not essential.

•    Corporate/M&A transactional background (private practice, in-house or corporate finance) or prior W&I underwriting experience.

•    CII qualifications (e.g. Cert CII, ACII) held or in progress are advantageous.

WHAT'S ON OFFER

•    Competitive base salary and discretionary bonus, commensurate with experience.

•    Comprehensive benefits package including pension, private medical insurance and life assurance.

•    Genuine progression within a growing transactional risk platform in the London Market.

•    Exposure to a diverse pipeline of UK and cross-border M&A transactions.